Insights 
VT 
Ethereum has reversed yesterday’s losses, climbing another 2% today. The previous day’s high reached $3,941 before a retracement during US trading hours. Sellers attempted to challenge the support levels, but buyers effectively held their ground at the 200-hour moving average near $3,736. Currently, Ethereum’s buyers are striving to reach the $4,000 mark.
Cryptocurrency momentum remains bullish as Wall Street experiences fresh record highs. However, the impact of impending big tech earnings may shape market sentiment and affect Ethereum’s ability to breach the $4,000 threshold.
The $4,000 level serves as a key area to monitor in Ethereum’s price action.
We see that buyers remain focused on pushing Ethereum towards the $4,000 mark. The defense at the 200-hour moving average shows underlying strength in the market. This suggests that traders should prepare for a potential breakout attempt in the coming days.
The big test for this momentum will be the big tech earnings reports scheduled for this week. These results will likely increase short-term volatility in the broader market, including Ethereum. This presents an opportunity for traders who use strategies that profit from price swings.
Recent data reinforces this bullish sentiment, with spot Ethereum ETFs seeing steady net inflows of over $1.2 billion for the month of July 2025. Furthermore, options market data shows a high concentration of open interest in call options with a $4,200 strike price expiring in mid-August. This signals that many traders expect the upward trend to continue past the $4,000 milestone.
Given the expected volatility, we are positioning using strategies like bull call spreads. This allows us to target the move towards $4,000 or higher with a defined and limited risk. It’s a way to participate in the upside without being fully exposed if the resistance level holds firm.
However, if tech earnings disappoint, we could see a quick rejection from these levels and a retest of support near $3,700. We saw a similar pattern in the first quarter of 2025, where a failed breakout led to a swift 15% correction. Because of this, holding some protective puts could be a wise hedge against any negative surprises.
